Eric Feigl-Ding

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Forwarded from VIP PREMIUM
The #USD Index (DXY) traded on the defensive near the 104.00 region ahead of key #US data due on Friday.

In fact, the release of
#Nonfarm #Payrolls and the #Unemployment Rate will be at the centre of the debate on June 7, seconded by #Wholesale Inventories.

#EUR/USD regained traction and approached the 1.0900 zone after the cautious cut from the #ECB at its event on Thursday. #Germany’s Balance of Trade results are due on June 7 along with another estimate of Q1 #GDP Growth Rate in the broader #Euroland and a speech by the #ECB’s #Lagarde.

#GBP/USD added to Wednesday’s uptick and traded at shouting distance from the key 1.2800 hurdle. June 7 will only see the release of the Halifax House Price Index.


#USDJPY partially faded Wednesday’s firm performance on the back of the weaker dollar and pale #US yields. Household Spending, the preliminary Coincident Index and the #Leading #Economic Index will be unveiled on June 7.

#AUD/USD regained its smile and left behind two straight sessions of losses, retesting two-day highs near 0.6680. The #Australian docket will be empty on June 7.

#Gold Prices advanced to two-week highs near $2,380 per troy ounce following the softer dollar, marginal moves in #US yields, and expectations of rate cuts by the #Fed sooner than anticipated.

#Silver extended its gains and climbed to four-day tops beyond the $31.00 mark per ounce.
Forwarded from VIP PREMIUM
The #USD Index (#DXY) came under pressure and retreated from weekly highs past the 105.00 hurdle against the backdrop of declining #US yields. On May 31, all the attention will be on the release of inflation data tracked by the #PCE along with #Personal #Income and #Personal #Spending.

#EUR/USD briefly tested the 200-day #SMA around 1.0790 before staging a marked comeback to the area beyond 1.0800 the figure. The #EMU’s advanced Inflation #Rate and #Retail #Sales in #Germany will be at the centre of the debate on May 31.

#GBP/USD set aside two daily drops in a row and advanced further north of the 1.2700 barrier following the offered stance in the #Greenback. In the #UK, #Mortgage Approvals and #Mortgage Lending are due on May 31 along with #Nationwide #Housing #Prices.

The upside impulse in
#USDJPY lost some traction and sparked a pullback to weekly lows amidst lower #US and #Japanese yields. In the #Japanese docket, the #Unemployment #Rate, preliminary Industrial #Production and #Housing #Starts will all be published on May 31.

Following a brief drop below 0.6600,
#AUD/USD managed to regain balance and end the session with marked gains around the 0.6650 area. On May 31, #Housing #Credit is only due #Down #Under.

Prices of
#Gold rose modestly on the back of the weaker #dollar and diminishing #US yields, briefly revisiting the $2,350 area per troy ounce.

#Silver, instead, accelerated their losses to three-day lows near the $31.00 mark per ounce.
Forwarded from VIP PREMIUM
#EUR/USD clocked its fourth consecutive session of losses and challenged the 1.0800 support. The final Q1 #GDP Growth Rate in #Germany will be in the spotlight on May 24.

#GBP/USD reversed four daily advances in a row and retreated from recent peaks near 1.2760. On May 24, the #Consumer #Confidence tracked by #GfK comes in the first turn seconded by Retail Sales.

#USD/JPY surpassed the 157.00 barrier and printed two-week tops amidst the dollar’s rebound and rising #US yields. In #Japan, the #Inflation #Rate, #Core #Inflation #Rate and Inflation #Rate #Ex-Food and #Energy for the month of April are due on May 24.

Further weakness saw
#AUD/USD add to the ongoing weekly retracement and breach the 0.6600 support on the back of the stronger #Dollar and the generalized sour sentiment in the risk complex.

Prices of
#Gold charted heavy losses and revisited the $2,330 zone per troy ounce following the #Dollar’s bounce and increasing yields.

By the same token, prices of the ounce of
#Silver extended the drop to the boundaries of the $30.00